-Financial Tools Futures Market--TRADE IDEAS-- OPTION ALERTS -BENZINGA PRO-

« Home | Stock Picks and Trade Ideas for Wednesday - Best B... » | The safest car in the world » | Stock Picks and Trade Ideas for Tuesday - Becton D... » | Stocks to watch next week - JDS Uniphase, NGAS Res... » | The daily traffic on AC Investor Blog » | A Simple Story of the Credit Crisis » | Stock Picks and Trade Ideas - JPM, MSFT, CIEN » | Stock Picks and Trade Ideas for Thursday - Caterpi... » | Stock Picks and Trade Ideas for Wednesday - Akamai... » | The World’s Richest Man hit by the crisis » 

Wednesday, March 11, 2009 

Stock Picks and Trade Ideas for Thursday - Rambus, Level 3 Communications and Braskem

Chart courtesy of www.stockcharts.com ( click to enlarge )

RMBS closed at 8.98. The next resistance is at 9.25 and 9.43 respectively. The technical chart continue to show a bullish bias. The MACD line is pointing up. RSI is also increasing and is now above the 50 level. +DI is above –DI . Another promising sign is the decline that started from 24 February occurred with diminishing volume. Could we potentially head higher this week ? I think so. Looking at the daily chart it appears that the RMBS is forming an inverted head and shoulders pattern with the Neckline at 9.43. This pattern is a bullish one so a rally could happen. Remember, we must follow-through and break the neckline.

Chart courtesy of www.stockcharts.com ( click to enlarge )

LVLT shares are in a bearish phase and I have to say that the recent downtrend does not appear be complete. Reasonable expectations suggest to me that we might see stock drops to near its 52 week low at $0.57. Technicaly, the stock is still in very weak market as 200 day moving average is still declining and MACD is still below 0. All other indicators still point to a bear market.

Chart courtesy of www.stockcharts.com ( click to enlarge )

BAK - Technically in the near term the stock is in a recovery mode. However since stock overall is still weak as the MACD is still below 0 and the stock is back near the 20-day moving average, wait on the sideline before making any investment decision.Go long at any close above the $4.32 area.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.

That's All. See you tomorrow !!!

AC

Labels: , ,

Bookmark and Share

Contact

About Me

    Photobucket
  • I'm a 48 year old Independent Trader using proprietary technical analysis with more than 20 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

  • Benzinga.com supporter

    Benzinga.com supporter



    FREE NEWSLETTER

      Enter your email address:

      Delivered by FeedBurner

      Subscribe my feed :

    Support AC

    • Support AC Investor Blog, Donate with PayPal

    Advertising

      Interested in advertising on AC Investor Blog ? Click Here

    TRANSLATOR

    Site Information

    Stock Market Blogroll

    Friends BLOGROLL

    ARCHIVES

Powered by Blogger
and Blogger Templates


Add to Google